Franchimp Summary Rating
Higher than 87% of peers
Franchise Summary
Description
The franchise offered is for the establishment and operation of center-based retail weight loss centers that sell Medifast-branded meal replacement products and lifestyle education services to overweight and obese individuals. All franchisees must agree to develop a minimum of three (3) Medifast® Centers within a defined geographic region pursuant to our Development Agreement.
Company Background
The Medifast Weight Control Centers franchise is a system of weight loss centers that sell meal replacement products and lifestyle education services to overweight and obese individuals. The franchise offered is for the establishment and operation of center-based retail weight loss centers that sell Medifast-branded meal replacement products and lifestyle education services to overweight and obese individuals. All franchisees must agree to develop a minimum of three (3) Medifast(R) Centers within a defined geographic region pursuant according to our Area Development Agreement.
Franchise Opportunity
Obesity is a major problem in the United States, with over one-third of adults being classified as obese. Losing weight can be incredibly difficult, and most people who try to lose weight on their own fail. Medifast Weight Control Centers offer a comprehensive program that includes meal replacement products, lifestyle education services, and support from trained professionals. Our centers are based on sound medical principles and have helped thousands of people achieve their weight loss goals.
Corporate Structure
Medifast Franchise Systems, Inc. was incorporated in the State of Delaware on December 5, 2006 for the purpose of offering Medifast Weight Control Center franchises and area development rights. Their principal business address is 11445 Cronhill Drive, Owings Mills, Maryland 21117.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Medifast® Weight Control Center business with the rights to open three (3) Medifast® Centers is from $157,.250 – S292,500. This includes from $4,750 to $51,.000 that must be paid to the franchisor or affiliate (representing, in part, the Franchise Fee for the first of the three Medifast Centers and a non-refundable deposit towards the Franchise Fee of an additional two Medifast Centers of $5,000 each).
Employee Contact Database
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Distribution of Medifast Weight Control Centers Franchisees
Medifast Weight Control Centers Franchise System Development in 2015
FAQ
How much investment do I need to start my own Medifast Weight Control Centers business?
Franchisees typically require at least $157,250 to $292,500 investment to get their Medifast Weight Control Centers business started
What are the initial franchise fees for Medifast Weight Control Centers?
We don't know exactly how much the franchise fees are for Medifast Weight Control Centers, but we can tell you that other franchises in the Health & Fitness sector typically need to pay between $15,853 and $19,469 to the
franchisor
How much money can I make with a Medifast Weight Control Centers franchise? What are
the average revenues for a typical Medifast Weight Control Centers business?
We haven’t done the math on how much revenue a typical
Medifast Weight Control Centers brings in each year. We estimate that other
franchisees in the Health & Fitness industry generate
$579,475 revenue, so we would expect
Medifast Weight Control Centers to generate a similar amount
How long do I need to commit to running a Medifast Weight Control Centers unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$639,239 to $978,710
which is
Much Higher
than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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